The global maize seed market is expected to register a CAGR of 3.99%. Important point. Main Sector of Breeding Technology – Hybrids: Demand for hybrid seeds is increasing due to higher yield, wider adaptability and high resistance to biotic and abiotic stress.
New York, Jan. 17, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Maize Seed Market – SIZE, SHARE, COVID-19 IMPACT & FORECAST UP TO 2028” – https:/ /www. reportlinker.com/p06381354/?utm_source=GNW
Largest country division – United States : The United States is the largest country due to increased exports, primary corn producer, and increased demand for biofuel production.
Fastest Growing Segment by Breeding Technology – Open Seeded Varieties & Hybrid Derivatives : Open seeded varieties require less inputs, such as fertilizers and pesticides, and are more expensive than hybrid seeds and easier to grow. small farmers.
Fastest growing segment of the country – Argentina : Argentina is the fastest growing country due to the increase in the adoption of transgenic hybrids, the increase in market prices and the demand for ethanol from neighboring countries.
Key Market Trends
Hybrids are the most important part of Breeding Technology.
By 2022, hybrids will account for 92% of the global corn market. Open-cropped varieties and hybrid derivatives accounted for 8%. The hybrid segment is estimated to grow by 28% by 2028 in terms of value. The demand for hybrids is increasing because of the variety of traits available in hybrids.
By 2022, 8% of the global maize seed market will be open-cropped varieties and hybrid derivatives. In North America, the United States dominated, accounting for 83% of the open-pollinated seed market and hybrid derivatives, followed by Mexico. Both countries share 51% of the global market. ?
Among hybrids, transgenic hybrids account for 50.3% of the hybrid corn market. Non-transgenic hybrids account for 49.7% of the market. Transgenic hybrids are expected to grow, registering a CAGR of 4.3%. North America is the largest user of transgenic hybrids in the world due to demand from the livestock industry.
The herbicide tolerant maize seed segment accounts for the majority of the transgenic maize seed market as weeds reduce crop production and affect farmers’ profits by 30%. -40%, due to product damage. ?
In South America, the use of hybrids is 100%. GM maize hybrids have been approved by major producing countries in the region, and insect and herbicide resistant maize seeds are abundant in the region. ?
In Africa the use of open crop varieties. Ghana ranks first in the use of open-pollinated varieties, accounting for 84.5% of the country’s maize seed market by 2021.
North America is the largest part of the region.
By 2021, the corn market accounted for 64.8% of the global market for seeds and grains. It is estimated to increase by 29% by 2028 due to the increase in high-yielding breeds and the demand for food as it is the main staple food and the increase in demand from the livestock industry.
Globally, North America had the largest corn kernel market in 2021. The United States is the largest corn producer in the region, accounting for 53% of the global corn kernel market. in terms of price. Corn yields per hectare are high in the United States due to the extensive use of hybrids and GM corn in the country.
After North America, Asia-Pacific is the world’s largest maize seed market. The main countries in the region are China and India, which accounted for 27% of the global corn market in 2021. China’s corn cultivation area is 42.4 million ha in 2017, which decreased to 41.3 million ha in 2020. the decrease in land area, increased production. The increase in productivity is due to the increase in productivity due to improved crop utilization in the country.
In Europe, France has the largest maize seed market, accounting for 4% of the world maize seed market. This share is increasing due to the increase in the area of sowing seeds along with the increase in the use of commercial seeds. The region is expected to grow by 8% during the years 2022-2028.
Increasing availability of high-yielding varieties and increasing research on stress-tolerant and disease-resistant varieties by private companies are expected to drive the maize seed market this season. forecast.
The global corn kernel market is moderately consolidated, with the top five companies owning 53.23%. Major players in this market are Bayer AG, Corteva Agriscience, Groupe Limagrain, KWS SAAT SE & Co. KGaA and Syngenta Group (arranged alphabetically).
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